Governance structure
Company with an Audit and Supervisory CommitteeWhen one company holds most of the voting rights, its wishes are more likely to prevail in management. How the interests of minority shareholders are protected is a key issue.
This is the number of people reported to the exchange as independent officers. Whether someone is an outside officer and whether they qualify as independent are separate determinations.
The company strategically holds listed shares when, after comprehensively considering business alliances, the maintenance and strengthening of business relationships, and connections with its business activities, it determines that strengthening such relationships will contribute to enhancing corporate value. Each year, the Board of Directors conducts quantitative and qualitative assessments of each individual holding and decides to sell shares that are no longer necessary to continue holding. The number and value of holdings to be reduced are not stated.
Policy regarding shares of other companies held to maintain business relationships and for other purposes.
None (not adopted)
Pre-agreed countermeasures in preparation for an unsolicited takeover attempt.
No concrete changes from the previous report are stated
| Item | Details |
|---|---|
| Corporate Governance Structure | Company with an Audit and Supervisory Committee |
| Number of directors | 10 (including 5 outside directors) |
| Number of independent officers | 5 |
| Committee | Nomination Advisory Committee: 5 outside members out of 7 (approximately 71.4%); Compensation Advisory Committee: 6 outside members out of 7 (approximately 85.7%) |
| Policy on cross-shareholdings | The company strategically holds listed shares when, after comprehensively considering business alliances, the maintenance and strengthening of business relationships, and connections with its business activities, it determines that strengthening such relationships will contribute to enhancing corporate value. Each year, the Board of Directors conducts quantitative and qualitative assessments of each individual holding and decides to sell shares that are no longer necessary to continue holding. The number and value of holdings to be reduced are not stated. |
| Takeover defenses | None (not adopted) |
| Controlling shareholder | No controlling shareholder or parent company |
| Changes this time | No concrete changes from the previous report are stated |
The reasons the company gives
The company's own explanation, not something inferred from the numbers.To enhance the objectivity and transparency of the Board of Directors, establish systems for decision-making, oversight and business execution, and sustainably enhance corporate value.